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Retail engagement platform Netree on Tuesday called for further rationalisation of the goods and services tax (GST) by restricting the number of tax slabs at two to promote the retail sector growth as too many slabs create compliance burden for small and medium retailers.
“Rationalisation of GST should be done with just one to two plainer slabs along with simplification on account of filing of returns,” Desi Valli, founder and CEO of Netree, said in a statement.
He also urged the government to look at simplifying the procedures for filing returns.
Too many slabs create compliance burden for small and medium retailers, he said.
“As we need to deal with all the stakeholders in retail value chain, simplification of procedure will make the compliance easier and error free,” Valli said.
Further, Valli demanded tax incentives on digital payments for small and medium retailers to be announced in the forthcoming budget to promote digital transactions.
“Government must propose separate funds to organise start-up meets to enable various stakeholders to meet and explore opportunities,” he added.
(With PTI Inputs)

Hiring activity sees 11 per cent rise in May led by auto, construction sectors: Naukri.com

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Hiring activity registered 11 per cent growth in May led by sectors like auto, construction and FMCG, says an index by Naukri.com
“The index continues to sustain the momentum gained and has shown 11 per cent year-on-year growth in May followed by an impressive 21 per cent growth in April,” said V Suresh, chief sales officer, Naukri.com. This growth is led by core sectors like auto, auto ancillary, construction, engineering and FMCG, he said.
Suresh further noted that the overall rise in talent demand is a clear indicator of an increase in employment opportunities, thereby broadening India’s hiring outlook. Sector wise, auto and ancillary have been hiring at a steady pace, showing 31 per cent year-on-year growth in May 2018. Recruitment activity for construction and engineering saw a sharp rise of 21 per cent.
In terms of experience, there was a steady rise of job creation for freshers with 15 per cent growth. Hiring for mid-level management roles (4-7 years) also rose by 11 per cent. Sub-senior (8-12 years) and top-management (more than 16 years) roles also witnessed an increase of 5 per cent in hiring.
City wise data showed that among all monitored cities, Delhi and Mumbai had the greatest momentum in hiring activity with a rise of 15 per cent and 14 per cent respectively. IT hubs Chennai and Hyderabad showed an increase of 13 per cent in hiring, while Bengaluru remained sluggish with three per cent. Kolkata, operating on a low base, registered a significant high in hiring activity with 38 per cent increase from May 2017. The Naukri index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1,000 and the subsequent monthly index is compared with data for July 2008.
Also read: SMEs need to adopt predictive analytics to manage their human resource: CEO, SHRM